Newbridge Financial Services Group Inc. Boosts Stock Position in Vistra Corp. (NYSE:VST)

Newbridge Financial Services Group Inc. boosted its holdings in shares of Vistra Corp. (NYSE:VST) by 41.9% during the fourth quarter, Holdings Channel reports. The firm owned 1,915 shares of the company’s stock after acquiring an additional 565 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Vistra were worth $264,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Avior Wealth Management LLC increased its stake in shares of Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock valued at $25,000 after buying an additional 65 shares during the period. Founders Capital Management purchased a new position in Vistra during the 4th quarter valued at $28,000. West Branch Capital LLC bought a new position in Vistra in the 4th quarter worth $28,000. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Vistra in the 3rd quarter worth about $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Vistra during the 3rd quarter valued at about $30,000. Institutional investors own 90.88% of the company’s stock.

Wall Street Analyst Weigh In

VST has been the subject of several research analyst reports. BNP Paribas started coverage on shares of Vistra in a report on Monday, October 14th. They issued an “outperform” rating and a $231.00 price objective for the company. JPMorgan Chase & Co. began coverage on Vistra in a research note on Thursday, October 17th. They issued an “overweight” rating and a $178.00 target price for the company. UBS Group lifted their price target on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. BMO Capital Markets increased their price objective on Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Finally, Bank of America assumed coverage on shares of Vistra in a report on Monday, January 27th. They set a “neutral” rating and a $206.00 target price on the stock. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.64.

Insider Buying and Selling

In related news, EVP Scott A. Hudson sold 115,000 shares of Vistra stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $164.16, for a total value of $18,878,400.00. Following the completion of the sale, the executive vice president now directly owns 254,932 shares in the company, valued at approximately $41,849,637.12. This trade represents a 31.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott B. Helm sold 20,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total value of $2,795,400.00. Following the completion of the transaction, the director now directly owns 343,350 shares of the company’s stock, valued at approximately $47,990,029.50. This trade represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 342,100 shares of company stock worth $55,087,314 in the last three months. Insiders own 1.42% of the company’s stock.

Vistra Stock Performance

Shares of Vistra stock opened at $166.71 on Monday. Vistra Corp. has a 1 year low of $42.22 and a 1 year high of $199.84. The firm’s 50-day moving average is $157.42 and its 200 day moving average is $126.21. The stock has a market cap of $56.72 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 1.17 and a beta of 1.22. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.11 and a quick ratio of 0.99.

Vistra (NYSE:VST) last issued its earnings results on Thursday, November 7th. The company reported $5.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $4.01. The firm had revenue of $6.29 billion for the quarter, compared to the consensus estimate of $4.96 billion. Vistra had a net margin of 12.51% and a return on equity of 57.63%. During the same quarter in the prior year, the firm posted $1.25 earnings per share. Sell-side analysts anticipate that Vistra Corp. will post 7 EPS for the current fiscal year.

Vistra declared that its board has authorized a stock repurchase plan on Thursday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

Vistra Profile

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.